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QUESTION 1 ( 1 5 points ) Construct NextCorp's Debt Schedule and calculate the Weighted Average Annual Interest Rate of the Floating Rate Bank Loan.

QUESTION

1 (15

points

)

Construct NextCorp's Debt Schedule and calculate the Weighted Average Annual Interest Rate of the Floating Rate Bank Loan.

Fill in all the yellow boxes.

NextCorp secured a bank loan from Sapring Bank with the following terms:

Annual Weighted Average Rate

(

Debt IRR

) =

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